Expand known resources at the south end of the Sleeper pit
Extend the Facilities deposit to the north into the recently discovered PAD Zone
Infill drilling to improve the confidence level of mineralized materials
To obtain material for metallurgical testing
Evaluate various recovery processes on the high grade West Wood Zone which was not included in the PEA completed on the Sleeper Gold Project in July 2012
Paramount is now engaged in large diameter (PQ: 8.6 cm) core drilling of both the Wood and West Wood zones to obtain samples for metallurgical testing of recovery methods which should enable the valuable resources from these zones to be included into an updated PEA
The planned metallurgical test program is will be led by McClelland Laboratories of Reno, Nevada (http://www.mettest.com/mliindex.htm) using a split sample for metal analysis prepared by ALS Chemex.
Update 43-101 resource estimate which will include an additional 26 core holes totaling 8,800 meters which were drilled since the last resource model was completed by SRK Consulting (www.srk.com) in 2011
Resource additions are considered highly likely from the Facilities Zone, the recently discovered PAD Zone and extensions of the South Sleeper Zone.